Two-Story Side-by-Side
For Sale
$675,000
59-61 Church St Unit 2, Richmond, VT 05477
Townhouse-style units provide three bedrooms, private decks, and separate living and dining areas.
Property Size2,560 SF
Price / SF$263.67
Days on Market51
Property Features for 59-61 Church St Unit 2
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
private deck
backyard
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
RE/MAX North Professionals
Listed By:
Linda W St. Amour · License #810003002
(802) 777-6244
Source:
Megansellsnh
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 5:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX North Professionals
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,560-square-foot duplex consists of two side-by-side townhouse-style units, each offering nearly 1,300 square feet. Both layouts include three bedrooms, a 3/4 bath on each level, distinct living and dining rooms, a private deck, and access to a backyard. High ceilings, large windows, original trim, and much of the original hardwood and softwood flooring preserve the building’s period character.
The property sits on a dead-end street in Richmond Village, with sidewalks connecting to the library, post office, village green, market, restaurants, and bakery. One side includes use of a 2-car garage. The unit sizes and layouts also support owner-occupancy, as described in the property information.
The property sits on a dead-end street in Richmond Village, with sidewalks connecting to the library, post office, village green, market, restaurants, and bakery. One side includes use of a 2-car garage. The unit sizes and layouts also support owner-occupancy, as described in the property information.
Key Highlights
- 2,560‑square‑foot duplex built in 1900
- Two side‑by‑side units, each nearly 1,300 square feet
- Each unit has 3 bedrooms and a 3/4 bath on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,274
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,480
$565.5K
Cap Rate 7%
$403,914
$403.9K
Cap Rate 9%
$314,156
$314.2K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$40.9K $15.96/SF
− Vacancy
−$466 −$0.18/SF
EGI
$40.4K $15.78/SF
− OpEx
−$12.1K −$4.73/SF
NOI
$28.3K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,480
Cap Rate 7%
$403,914
Cap Rate 9%
$314,156
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$357.7K
$313.0K – $417.3K
NOI $25,040 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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Business Placement
Demographics for 05477, VT
4,551
Population
2,111
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
136
Density / Sq Mi
$118,214
Median Household Income
$58,329
Median Earnings
$1,188
Median Rent
$403,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style units provide three bedrooms, private decks, and separate living and dining areas.
Where is this duplex located?
The property is located at 59-61 Church St Unit 2 Richmond, VT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,560‑square‑foot duplex built in 1900; Two side‑by‑side units, each nearly 1,300 square feet; Each unit has 3 bedrooms and a 3/4 bath on each floor
